Partnership agreement signed in Brazil between Caixa Seguradora and Brazilian
Post Office, Correios
CNP Assurances has announced the signing of a ten-year non-exclusive agreement
in Brazil between Caixa Seguradora and Brazilian Post Office Correios for the
distribution of capitalization and dental insurance products.
As the operator of Brazil's national postal service, Correios is a state-owned
company that provides communication and logistics services for businesses and
individuals. It has more than 6,500 branches and is present in each of the
country's 5,570 municipalities.
The agreement enables CNP Assurances to continue with its strategic development
in Latin America through a multi-partner approach.
It does not provide for any payment by Caixa Seguradora and entered into effect
on 3 September 2020 on the date it was signed.
"CNP Assurances is delighted to have signed this new agreement which will help
us to continue strengthening our presence on Brazil's insurance market, in line
with the Group's multi-partner business model" said Antoine Lissowski, Chief
Executive Officer of CNP Assurances.
About CNP Assurances
A benchmark player in the French personal insurance market, CNP Assurances is
active in 19 countries in Europe and Latin America, with a significant presence
in Brazil, its second largest market. Acting as an insurer, co -insurer and
reinsurer, CNP Assurances develops innovative personal risk/protection and
savings/pensions solutions. It has more than 38 million personal
risk/protection insureds worldwide and more than 12 million savings/pensions
policyholders. In line with its business model, the Group's solutions are
distributed by multiple partners. The solutions are aligned with each partner's
physical or digital distribution model, while also being tailored to local
clients' needs in each country.
CNP Assurances has been listed on the Paris Stock Exchange since October 1998.
The Group reported net profit of EUR1,412 million in 2019.
Founded on 25 January 1663, Brazilian post and telegraph corporation Correios
has constantly sought to update its operations and provide quality services to
match customer expectations while playing a vital role in the country's
development and social integration and inclusion. While postal services are its
primary focus, the company also provides financial services at its different
branches, affording millions of Brazilians access to a bank account and basic
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